Company registration number 14130474 (England and Wales)
Scuba Safaris Ltd
Unaudited
financial statements
for the period ended 31 May 2023
PAGES FOR FILING WITH REGISTRAR
Scuba Safaris Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Scuba Safaris Ltd
Statement of financial position
as at 31 May 2023
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
83,191
Current assets
Cash at bank and in hand
35,204
Creditors: amounts falling due within one year
4
(59,375)
Net current liabilities
(24,171)
Total assets less current liabilities
59,020
Provisions for liabilities
(21,218)
Net assets
37,802
Capital and reserves
Called up share capital
5
2
Profit and loss reserves
37,800
Total equity
37,802

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 February 2024 and are signed on its behalf by:
S Buxton
Director
Company registration number 14130474 (England and Wales)
Scuba Safaris Ltd
Notes to the financial statements
for the period ended 31 May 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT.

 

Turnover is recognised on the provision of service obligation where a right to consideration is due.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% straight line basis
Computers
33% straight line basis
Motor vehicles
20% reducing balance basis
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Scuba Safaris Ltd
Notes to the financial statements (continued)
for the period ended 31 May 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
2
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 25 May 2022
-
0
-
0
-
0
-
0
Additions
5,094
15,813
71,298
92,205
At 31 May 2023
5,094
15,813
71,298
92,205
Depreciation and impairment
At 25 May 2022
-
0
-
0
-
0
-
0
Depreciation charged in the period
985
3,276
4,753
9,014
At 31 May 2023
985
3,276
4,753
9,014
Carrying amount
At 31 May 2023
4,109
12,537
66,545
83,191
4
Creditors: amounts falling due within one year
2023
£
Trade creditors
54,320
Corporation tax
2,567
Directors loan account
688
Accruals and deferred income
1,800
59,375
5
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
2
2
6
Company information

Scuba Safaris Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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